what is so significant about $3?To me it's a round number and...

what is so significant about $3?
To me it's a round number and retail tend to get excited by them as targets. Larger traders exploit this bias by dumping into euphoric hope as price reaches up to some round number. Value retail, that being those whos thinking is limited to 'it's cheap compared to what it was and it's a round number - this has to be the place to buy' throw a few bucks in only to see price continue down. I've outlined my rationale for 2.88 previously and this is not a prediction, just a call to action should price get there. I have other entry tactics too at higher levels all based on technical theories.

Gambling is not bound to time. The nature of markets has randomness built into it therefore your goal is find an edge aligned with your beliefs.

Given this is a technical thread I'm interested in somewhat grounded theories - believing the price is going to reflect the best and biggest ReRam because Coby stated it would be isn't really something I can comment on. Seen plenty of statements along those lines from company management as they need to attract interest. WBT does not reflect this logic right now as not enough participants accept this idea.